Wolters Kluwer NV, Europe’s largest tax and legal publisher, said “explosive” growth in China’s legal profession will drive sales increases of more than 10 percent a year in the country.
China will have about 2 million lawyers by 2020, from 170,000 today, propelling demand for legal services, Chief Executive Officer Nancy McKinstry said in an interview in Beijing yesterday. The number of regulations and compliance work will increase as China’s financial markets come more in line with practices in the U.S. and Europe, she said.
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